Also, all the details of the tenant were sent to me and I was able to give my approval or otherwise for that person.

Aussieguy,
I have an NRAS house in Queensland. When it was ready for a tenant last year, the property manager told me that there is a long list of applicants but many of them are rejected for NRAS as they are social housing applicants.  I think from memory she said that the way the charities who organise tenants are set up, there was not a way to…[Read more]

Scott, the unit is 6 years old so I imagine the aircon is too.  The serviceman who looked at it said the compressor needed replacing but parts are no longer available.
The quote for a replacement states cost of the aircon at $1498, installing 3 metres of pipe $785, and electrical $352.
The PM has said he will ring some other installers and give…[Read more]

Only a 2 bed unit with living downstairs and 2 beds upstairs.  Its a split system, don't think its ducted. The aircon itself is approx $1500 the rest of the cost is in installation and hoses.  Yeah, seems steep to me too.

Can you claim presents for tenants as a tax deduction?

My understanding and experience of family court law is that once you are divorced and have gone through a property settlement an exspouse has no claim at all on any of your financial matters in the future. So I don't think it's necessary to put assets in a trust for that purpose? 
The family law court has a website which might have some…[Read more]

I have insurance with them.  They were recommended by the property manager.  No problems so far.

I have emailed the Principals of both REAs and sent copies to the buyer's agent I bought the unit through and the conveyancing lawyer.  Within 5 minutes I had been contacted by the buyer's agent and the lawyer who are both keen to follow it up promptly…
I just don't want the lawyer to charge for it and eat up the $500! What would be the point of…[Read more]

I have emailed the Principals of both REAs and sent copies to the buyer's agent I bought the unit through and the conveyancing lawyer.  Within 5 minutes I had been contacted by the buyer's agent and the lawyer who are both keen to follow it up promptly…
I just don't want the lawyer to charge for it and eat up the $500! What would be the point of…[Read more]

Thanks for advice.  Wasn't sure if  Consumer Affairs dealt with this sort of thing. Both PMs are just blaming each other.  Or occasionally they blame the solicitor who did the settlement.  In any case it's not getting resolved by my polite phone calls.   Not real happy with either of them. Think I need a 3rd pm.  Will try the suggestions and let…[Read more]

Hi Troy,I know someone who knows someone who has… will find out if they are interested in contacting you and will get back to you

Thanks, have thought to check out whether it is all council approved. What is the best way to go about finding out its value and rental demand? Would be hard to value a 7 bed house as not much around of that size?  I havent yet seen inside it apart from a few website photos which indicate it is in decent but original condition.

Yes I did get PM thanks, have replied

I know two good Agents if you would like me to PM you. .bfree2live[/quote] Can you Pm me about the agents please? Thanks

Jamie M wrote:
Sounds like the bank is trying to cross collaterise your two properties – there's better ways of approaching this.

I would really like to learn more about how to avoid cross collaterizing.  How is it possible, when you need the equity in your PPOR as security for the IP loan? Thanks for info.

Thanks Richard, can you suggest which lenders would do 80% on NRAS?

Thanks for all those useful comments everyone.  Good point Tracey, I need a strategy and goals but help! not sure what they are!I would really prefer not to go to an investment company which will charge me several thousand dollars to give me advice that,with some more research and unbiased advice, I could figure out for myself. Bit wary of…[Read more]

not to be rude aussieguy, but you didn't make this distinction obvious in your first post.  This is why I hate forums, somehow everytime a newcomer tries to post, other people shoot their comments down. Please be more friendly

The amount of cash incentive NRAS givesis currently around $9800, not $7486.  It is indexed every year.The lower the price you pay for the NRAS property the better as it is a set amount whatever the house is worth, so $9800 is proportionately better for a $300k property than a $500k one.Pros of my NRAS property- good tenant who pays rent on time,…[Read more]

any advice from anyone?